Anglo Interested in Developing Mongolia’s Tavan Tolgoi Coal Mine - Businessweek: "Mongolia, a country of 2.8 million people, has some of the world’s biggest undeveloped mineral reserves, including Tavan Tolgoi and Oyu Tolgoi. The $6.6 billion Oyu Tolgoi project, which Mongolia is building with Rio Tinto Group, is the biggest untapped resource of gold and copper.
Anglo, based in London, would join Peabody Energy Corp. (BTU) and China Shenhua Energy (1088) Co. in the competition to develop Tavan Tolgoi, which contains 6.4 billion tons of reserves and is well positioned to feed China’s appetite for coking coal, used in making steel."
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